DislikedGood morning everyone, I made my first trade and got stoped out. Entred long on a touch of H1 50 with a confluence of the daily pivot point. In the hindsight, I should have taken the warning m15 was giving serious. The daily and hourly are bullish. Is there any more warning I didn't pay attention to? {image} {image} Cheers,Ignored
Just 10 ( +9 for a better visualisation in red ), 35 and 50 in my template.
But easy it is :
If you take a signal in a higher TF , take it from there .
I like it simple and my trades are around two of three positive .
Never worked with other lines in one chart and Iīm successful with it .
If I had watched this chart , I hadnīt taken this trade from M15 , bettter the confluence of 10 ema touch and DP.
Reason :
MA soup !!!
10 ema was between the two others ... no clear trend of the moment .
May be in a higher TF it was not so bad ... aah no .. just switched to H1 + H4 .. and NO !
H1 : no entry ( Porcupine )
H4 no entry , flat/ ma soup.
Loook for clear trends ( with steep Ma angles ), find a retrace .. and take it as close as possible to the line .
You canīt trade every touch of the line!!
Guido
Risiko birgt immer auch die Chance.